Three bulk deals aggregating to 52.89 lakh shares were executed on the Max India counter at an average price of Rs 190.33 per share in opening trade on the BSE today, 26 September 2012.
Meanwhile, the BSE Sensex was down 76.36 points, or 0.41%, to 18,618.05
On BSE, 53.99 lakh shares were traded in the counter as against an average daily 62,169 volume of shares in the past one quarter.
The stock hit a high of Rs 202.95 and a low of Rs 189 so far during the day. The stock had hit a 52-week high of Rs 208.80 on 13 April 2012. The stock had hit a 52-week low of Rs 140.10 on 30 December 2011.
The stock had outperformed the market over the past one month till 25 September 2012, rising 5.51% compared with Sensex's gain of 5.12%. The scrip, however, underperformed the market in past one quarter, gaining 2.72% as against Sensex's 10.73% surge.
The mid-cap company has an equity capital of Rs 53.09 crore. Face value per share is Rs 2.
Max India reported a net profit of Rs 536.54 crore in Q1 June 2012 as against net loss of Rs 1.75 crore in Q1 June 2011. Net sales rose 12.2% to Rs 198.36 crore in Q1 June 2012 over Q1 June 2011.
Max India Group is a multi-business corporate. The company, through its subsidiaries and joint ventures, provides life insurance and health insurance products as well as healthcare services.
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